Spot ETFs Attract $5.77 Billion in May, Marking Their Strongest Month Since November

The 11 exchange-traded funds (ETFs) that track spot bitcoin and are listed in the U.S. have collectively attracted $5.77 billion in net inflows this month, marking the highest total since November, as reported by a recent data source.

These investments predominantly consist of bold directional strategies, with growing interest in cash-and-carry arbitrage transactions observed lately. Investor enthusiasm has been so significant that these ETFs recorded net outflows on merely four occasions since mid-April.

Among these, BlackRock’s IBIT has proven particularly successful, benefiting from inflows as bitcoin’s spot price surpassed the notable threshold of $110,000.